Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments and Fair Value Measurements (Tables)

v3.22.1
Financial Instruments and Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of fair value, assets and liabilities measured on recurring basis
The Company's assets and liabilities measured or disclosed at fair value were as follows:
Fair value measurements at March 31, 2022 using
(in millions) Total Quoted prices
in active
markets for
identical
assets
(Level 1)		 Significant
other
observable
inputs
(Level 2)		 Significant
unobservable
inputs
(Level 3)
Current assets:
    Cash equivalents $ 185  185  —  — 
Current liabilities:
Debt (note 5) 757  —  757  — 
     Interest rate swap arrangements (note 5) —  —  —  — 
Long-term liabilities:
Debt (note 5) 4,195  663  3,532  — 
Fair value measurements at December 31, 2021 using
(in millions) Total Quoted prices
in active
markets for
identical
assets
(Level 1)		 Significant
other
observable
inputs
(Level 2)		 Significant
unobservable
inputs
(Level 3)
Current assets:
    Cash equivalents $ 124  124  —  — 
Current liabilities:
 Interest rate swap arrangements (note 5) 1  —  1  — 
Long-term liabilities:
Debt (note 5) 5,076  745  4,331  —